Modifications decrease the value of a car, not increase.
This is a discussion on How much can i sell my wrx for? within the Car Purchasing Forum forums, part of the ClubWRX.net Marketplace category; Hey guys, unfortunately the time has come to sell my subi. I'm pretty bumbed by this as she's been such ...
Hey guys, unfortunately the time has come to sell my subi. I'm pretty bumbed by this as she's been such a fun car and i know i'm going to miss the community and the looks i get on the road.
Anyways, its a 07 wrx tr with 63,000 miles on it. I'm the third owner. I recently just put in a new stock trasmission and a performance clutch from subaru. I also just got the front bumper, rear bumper, and hood scoop repainted. When she is clean and waxed she literally looks like shes brand spanking new. no dents, no scratches, nothing. Interior quality is perfect too. non smoker. etc etc.
The mods on it consists of
APS turbo-back exhaust
APS CAI
DynoComp 18 psi tune
subaru performance clutch
short shifter (don't know by who)
ATI dash gauges reading oil pressure, psi, and exhaust temp.
She's pretty quick for a wrx, i know that they can be quicker haha but i mean some close races that i won were against a (stock) 2012 sti, (mostly stock) 08 mustang gt, and a (mostly stock) 08 335i
Like i said she looks and feels like shes brand new. and with those mods that is being quicker than an sti... i was hoping i could get more than the general asking price for an 07 wrx.
Anyways guys what do you think? how much do you think i can ask for?
Modifications decrease the value of a car, not increase.
- William
First Mods: What to do and what not to do
2012 WRB WRX base hatchback - Stage 1 with a meaty area under the curve thanks to Mattypants @ WTF Tuning, LLC
Previous Cars: 2004 RSX-S, 1998 Grand Prix GTP
"Isn't it amazing how smart you feel when you just aren't being stupid?"
--Anthony 2011 DGM WRX stg2+sf intake + custom front end deer mod!
Official Subie owner as of 01/10/11![]()
Stink Eye Mob #87
Bye bye Bimmer![]()
Hellooo '11 REX
kbb says its worth about 15,500 for excellent condition, yet ive been offered 17, and 18 for it...im obviously not selling it to a grandma, but rather someone whos looking for the power
Then why didn't you just take the 18k for it and run?
--Anthony 2011 DGM WRX stg2+sf intake + custom front end deer mod!
Official Subie owner as of 01/10/11![]()
Stink Eye Mob #87
Bye bye Bimmer![]()
Hellooo '11 REX
And I just looked it up on Edmunds, and the car came out to 11.6k for PERFECT condition. I know these car's hold their value really well, but I think you're being really unrealistic.
--Anthony 2011 DGM WRX stg2+sf intake + custom front end deer mod!
Official Subie owner as of 01/10/11![]()
Stink Eye Mob #87
Bye bye Bimmer![]()
Hellooo '11 REX
Yeah why the heck didn't you take that??? If you get that, you're coming out waaaaaaay on top. As its said, mods don't increase the value of the car like you'd think in a perfect world. They can even decrease the value of the car comparable to someone looking for something completely stock. Hell if someone offered that to me for my 2005 STI, I'd have done that in a heartbeat!
That being said, the price can only be what someone is willing to pay for it...I think it's completely unrealistic if you ask $15k for it. If you offer $12k or $13k, that'd be more realistic. Keep in mind, its near 7 years old. You've had to replace a transmission (why might I ask?)...so that could even throw a red flag. Just saying.
That being said again...best of luck with your sale!
The Hawk-Eye Alliance #90|The Blobeye Syndicate #0|The Stink-Eye Mob #0|N.E.R.D. Founding Member & #3
2005 STi WRB w/Silver BBS Stage II OpenSource tuned by: Mattypants @ WTF Tuning
[APS Catless Downpipe] [Invidia G200 CBE][Feal 441 Coilovers][Kartboy Shifter and bushings][Group-N Tranny Mount]
"If I have 10 ice cubes and you have 11 giraffes, how many pancakes can fit on the roof? Purple, because aliens don’t wear hats" -Ying
And you let that go?!?! I would have felt like I was robbing candy from a baby with an offer like that.
Also important: you never mention your location. Regional demand plays a huge factor in determining a car's value, but honestly, it sounds like you've answered your own question at this point.
Isaac -- 2003 WRX sedan Stg II
Proud owner of a N.E.R.D, Member 1.38×10-23
He who shall be last, shall be sideways and smiling... - Jeremy Clarkson
A few observations that won't answer your question, but will give a different view of what has been said so far.
1) As previously stated, mods will decrease the value of your car. However, that statement does not apply to anyone that..
A. Doesn't realize that yet, or
B. Isn't looking for a stock car, and likes the modifications you have made.
If I'm not mistaken you came in here thinking that the modifications would add value to your car, and the same is true for many buyers who dont think or realize that the mods may decrease the value. With that said, you can price your car a tiny bit higher than what it is actually worth, but less than the amount the mods are worth. If you take that approach you just have to know that you will turn off a section of the buyer population, and that may be a bad thing if you need to sell your car quickly.
2) The value websites can and will vary greatly on what your car is worth. They should be used as a general idea of what your car is worth, but not a actual value. A closer way of telling what your car is worth is to watch similar cars in your area and see what they are selling for (..or not selling for. Watch for price decreases). Your car is worth as much as someone is willing to pay.
2012 PBP Limited STI
2002 Aspen White WRX Wagon, Stage 1
I lucked into selling a somewhat modded WRX, back in 2005, to a guy that wanted the mods. However, I certainly didn't get a premium for them. I think I got right at what bluebook says I should have gotten, given condition and mileage, and I was happy with that.
--Ray
Grandfather of the Bugeye Mafia
Proud owner of a N.E.R.D.
kbb says excellent value is 15500 so take anything close to that number....kbb is usually a little strong
Clearbook.com, IMO, gives you a more accurate figure of a private party used car sale.
- mikey
2013 WRX | DGM | GR | FACTORY STOCK
- William
First Mods: What to do and what not to do
2012 WRB WRX base hatchback - Stage 1 with a meaty area under the curve thanks to Mattypants @ WTF Tuning, LLC
Previous Cars: 2004 RSX-S, 1998 Grand Prix GTP
"Isn't it amazing how smart you feel when you just aren't being stupid?"
You should replace all the "she" with "it" seeing as your car is an inanimate object(lol just a pet peeve of mine)
But on a more serious note.
1. Look up kbb private party. Check what good or fair says its worth. Subtract about $1000-$2000 off that since its modded.
2. Realize your perfect condition car, isn't near as perfect or worth as much to someone else as it is to you.
3. try to sell it for as much as possible. Realizing that you'll probably end up letting it go for far less than you think it's worth. (I've sold a lot of cars, it sucks but its generally what happens)
Last edited by EndlessSea; 12-19-2012 at 05:30 AM.
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